The European export market for casing, tubing, and drill pipe used in oil or gas drilling is led by France and Germany, contributing the most in kilograms, with shares of 37.75% and 34.95% respectively in 2024. Spain follows with 11.7%, and the Netherlands accounts for a 7.28% share. Over the past year, France showed a significant increase of 16.28%, aligning with upward trends in the Netherlands and Italy, up by 24.37% and 20.47% respectively. In contrast, Spain experienced a significant decline of 15.36%. The last five years reveal an overall upward trend, indicating a sustained demand in key exporting countries.
Future trends to watch include potential shifts due to environmental policies and technological advances in drilling technology. The focus on clean energy and sustainable practices might require shifts in material composition or production methods, potentially affecting export dynamics. Countries leading in innovation and adaptation to these demands could benefit from an increased share in exports, while those less adaptable may face declines.
Top countries in Export of Casing, Tubing and Drill Pipe, of a Kind Used in the Drilling for Oil or Gas, Seamless of Stainless Steel Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 37.75 | 2023 | +2.93% | +16.28% | View data |
| 2 | 2 Germany | 34.95 | 2023 | +1.86% | +4.78% | View data |
| 3 | 3 Spain | 11.7 | 2023 | +15.83% | -15.36% | View data |
| 4 | 4 Netherlands | 7.28 | 2023 | +5.96% | +24.37% | View data |
| 5 | 5 Italy | 6.07 | 2023 | +4.19% | +20.47% | View data |
| 6 | 6 Belgium | 3.57 | 2023 | +24.49% | +8.76% | View data |
| 7 | 7 Sweden | 0.6 | 2023 | +73.03% | +53.67% | View data |
| 8 | 8 Poland | 0.59 | 2023 | +4.62% | -3.3% | View data |
| 9 | 9 Estonia | 0.27 | 2023 | +4.91% | View data | |
| 10 | 10 Lithuania | 0.2 | 2023 | -1.06% | +3.69% | View data |
